Summer scene-stealers

Posted by Catherine Dayrit on June 30, 2009

When it comes to what's hot for summer, the answer includes a checklist of chunky cuff bracelets, bib-style statement necklaces, organic materials and all things in shimmery yellow gold. And luckily for jewelry aficionados, stacking, mixing and matching are all fashion do's this season, so instead of choosing between the gold bangle and the one wrapped in leather or crafted in shell, pile them all on, sit back and enjoy the sun.


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Monique Lhuillier paired an ethereal natural-tulle ballgown featuring an asymmetrically draped tear-drop skirt with a John Hardy “Cinta” collection horse-conch-shell pendant featuring rose-cut cognac diamonds and orange and yellow sapphires; suggested retail price is $9,000.
 
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Echo of the Dreamer
“Geometric Turquoise Collar” with turquoise, smoky-lemon quartz, jasper and sterling silver; suggested retail price is $1,365. (212) 594-8022 or EchoOfTheDreamer.com

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Katy Briscoe
“Hope’s Cuff” in 18-karat gold; suggested retail price is $20,000. (713) 662-9886

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Raffaella Mannelli
“American Woven Multishape Corpetto” necklace with 18-karat pink matte gold, hand-carved ebony wood and brown rough diamonds; suggested retail price is $10,900. RaffaellaMannelli.com

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Tresor
“Logo” earrings in 18-karat yellow gold from the “Dazzle Collection;” suggested retail price is $2,000. (866) 99-TRESOR or TresorCollection.com
 
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Samantha Wills
“Ella” earrings in sterling silver; suggested retail price is $113. SamanthaWills.com.au
 
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John Hardy
“Cinta” collection ring in 18-karat pink gold with marble cone shell, 4.06-carat oval pink spinel at center, plus violet and pink sapphires, multicolor spinel and white brilliant-cut diamonds; suggested retail price is $10,000. JohnHardy.com
 
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Dori Csengeri
Hand-embroidered “Kakadoo” necklace featuring glass beads, sponge coral and crystal briolette; suggested retail price is $470. (800) 396-3552 or EllaArt.com

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Gurhan
“Wheat” collection earrings in 24-karat gold; suggested retail price is $2,400. Gurhan.com
 
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Daniel K
Multi-drop pear-shape earrings with 7.89 carats of diamonds set in 18-karat white gold; suggested retail price is $18,950. (888) 841-7676 or DanielK.net
 
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Nina Basharova
“Milky Way” bangles in 18-karat gold; suggested retail price is $1,700 each. NinaBasharova.com

Kimberley Process meeting no canned affair

Posted by Michelle Graff on June 26, 2009

It’s a hard week to grab headlines, with the untimely death of the man who will forever be known around the world as the King of Pop dominating nearly every news outlet.
(God be with you, Michael Jackson. May you find peace in the after life.)
Nevertheless, those that follow the diamond industry know that there was a virtual explosion of news this week regarding problems with the diamond industry worldwide, all as Kimberley Process (KP) officials held their sixth inter-sessional meeting June 23-25 in Windhoek, Namibia.
The week started out with a group of human rights organizations calling out the KP for, quite simply, being asleep at the wheel — not effectively attacking the very problems the system was created to address while issues rage in Guinea, Venezuela, Lebanon and Zimbabwe.
The inter-sessional meeting itself turned out to be an interesting one (apparently, it’s been less than interesting in the past — I wouldn’t know, I’ve never attended one), according to this account from my colleague Edhan Golan, an Israeli based journalist for IDEX.
The day after the meeting, the Human Rights Watch (HRW) issued a scathing press release designed to call attention to the situation in Zimbabwe.
You can read our account here, or read the HRW’s entire report.
All of this might seem like a bit much to absorb in just one short week.
It certainly was for me.
But, one thing is clear, so much so that it seems painfully obvious and cliché to state: the diamond industry needs to band together and do all it can do to address these situations.
First and foremost, it is, in the simplest human terms, the right thing to do.
Secondly, the industry definitely cannot afford a public relations storm right now.
I wasn’t the diamond editor here in 2006, when “Blood Diamond” came out, but it is my understanding that the Leo special had little or no impact on diamond jewelry sales in the United States.
But things are different today.
To start with, the economy has people hesitant to spend on non-necessary, luxury items and diamonds certainly fall into that category.
Secondly, I have been reading a lot over the past few months that consumers are becoming increasingly concerned with the genesis of the products they buy.
People want to know how the products they are wearing, driving or consuming impact the world around them, now and for future generations.
I personally think it’s a fantastic change in mindset but it won’t be for diamonds, if the industry doesn’t clean up its act.
Issues that missed most consumers the first time might not slide so easily the second, even if they arose during a week when the world was distracted by something else.

Designers show opal the love

Posted by Catherine Dayrit on June 25, 2009

As kids, my little brother and I would comb for box turtles in the nearby woods. And if we were fortuitous enough to find one, we’d take it home and attempt to make it a new pet. But luckily for the turtle, we wouldn’t get too far in our plans. Because at home, mom preferred that reptiles never even cross the threshold, with her claiming they brought about bad luck.

Suffice it to say, I was raised in a superstitious household, but there were quite a few tales that I just never paid much mind to, including the one about opals.

For centuries, opal has been plagued with a forbidding mythology, on one extreme charged as vessels of evil used to do harm to others, and on the lesser end touted as bad luck bearers for those who choose to wear them yet can’t claim opal as their birthstone.

The latter was the one I was familiar with, but even as a child, I couldn’t forgo the stone’s fiery brilliance. For one birthday, I asked for a pair of pear-shaped opal stud earrings. And every time I’d wear them I’d feel slightly mischievous given that my birthday falls in June.

I wish I’d known then the train of thought that proliferated during the Middle Ages: that opal was thought to possess all the virtues of each gemstone whose color could be found within. And then there were the Romans, who believed that opal, like the rainbow, was a symbol of good luck, as well as hope and purity.

Designers, I’m thinking, are lately looking on the bright side. At the Couture show in Las Vegas, opal offerings proliferated. Here are a few favorites. For more, look out for the July issue of
National Jeweler.
 
IreneNeuwirth


Irene Neuwirth
Opal pendant necklaces; suggested retail prices range from $10,450 to $32,860.
IreneNeuwirth.com
 
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Katrina Kelly
“Baroque” earrings in 18-karat white gold with opals and 1.41 carats total weight of diamonds; price available upon request.
KatrinaKellyJewelry.com


PaulaCrevoshay
 
Paula Crevoshay
“Neptune’s Dream” ring with 5.22-carat black opal, 0.53 carats of Paraiba tourmaline and 1.02 carats of diamond; suggested retail price is $97,000. (505) 898-2888 or Crevoshay.com

Stumped on a Father's Day gift?

Posted by Catherine Dayrit on June 19, 2009

Last minute-shopping for dad? Check out some of these new products introduced during Las Vegas Market Week. While you'll see plenty of aspirational pieces ($20,000-plus cuff bracelet from Sevan—totally fabulous, but also totally pricey), keep the design elements in mind as a starting point. Materials like leather, sterling silver and unusual gemstones are big for men, and they can be found in pieces at a variety of price points.

Damiani

Damiani

"Metropolitan Dream" ring in 18-karat yellow gold with a 0.70 carats of diamonds; suggested retail price is $1,390. (866) DAMIANI or Damiani.it

Sevan

Sevan
One-of-a-kind carved leather cuff handmade from 24-karat gold and sterling silver with white, yellow and champagne diamonds; suggested retail price is $26,889. Available through ViewPoint, (800) 237-9477 or VPNYC.com

ScottKay

Scott Kay
"Sparta" engraved ring with stone-finished black onyx and "Sparta" engraved cross ring, both in silver; suggested retail price is $455 and $350, respectively. ScottKay.com

MarcoBicego

Marco Bicego
"L'Uomo" rings in 18-karat white, yellow and rose gold; suggested retail price ranges from $1,000 to $1,500 each. MarcoBicego.com



Tateossian

Tateossian
"Stones of the World" square cuff links in silver with malachite, rose quartz, onyx, turquoise, tigers eye, amethyst, lapis, white mother of pearl and carnelian; suggested retail price is about $368. Tateossian.com

ToddReed







Todd Reed
Hand-forged and fabricated bands in silver with raw diamond cubes; suggested retail price is $1,000 each. ToddReed.com

Ritani







Ritani
Men's rings in platinum and white gold; suggested retail prices range from $1,210 to $1,694 in white gold and from $2,660 to $5,995 in platinum. Ritani.com

Living Through Jewelry's Good Old Days

Posted by Victoria Gomelsky on June 19, 2009

They say creativity thrives during times of financial hardship. Based on my experiences over the past week, I can't help but agree. In the span of seven days, I’ve seen more interesting work from up-and-coming and established jewelers than I typically see in six months of trade shows, where mainstream buyers lessen the incentive to offer truly cutting-edge design.

This was hardly the case in London last week, when my brief stopover en route to Geneva happily coincided with the last few days of Coutts London Jewellery Week. It’s the type of organized, well-promoted effort that should make designers in any other part of the world emerald-green with envy. Sponsored by Coutts & Co., an investment bank that traces its roots back to 1692, when it provided banking services to buyers of its plate and jewelry supplies, the second annual week-long gathering, chock-a-block full of lectures, demonstrations and cocktail parties, is intended to raise the profile of the city’s creative talent and technical expertise in jewelry making.

My first stop was Treasure, a collection of more than 70 designers selling their wares beneath the soaring ceilings of the Flower Cellars event space in Covent Garden. There, I met Jig Pattni, a Londoner descended from a long line of Indian goldsmiths. Pattni’s work evokes not the glorious 22-karat gold traditions of his ancestors but the icons of 20th century pop culture. To wit: At Treasure, Pattni unveiled his new diamond collection, The King, in homage to Elvis Presley. It included two 18-karat gold pendants, one fashioned into a bust of the crooner, complete with a slicked back pompadour, and the other a seductive pair of blue sapphire-studded shoes.

At a neighboring showcase, Nina Koutibashvili, a London designer who hails from the republic of Georgia, couldn’t have embraced a more different aesthetic (the diversity at Treasure, and at London Jewellery Week, in general, was astonishing). The piece in her showcase that I most coveted was a large linked white gold bracelet covered by a thin layer of black stingray skin (see below), its trademark bubble pattern so beguilingly exotic.

Nina Koutibashvili ray skin bracelet lo-res
 
Downstairs in Treasure’s sprawling cellar, JeDeCo, the Jewellery Designer’s Collective, a brand new group of more than 20 artist-jewelers, had set up shop. Guided by the principle that there’s strength in numbers, the group formed just a couple weeks ago, though their professional promotional materials and uniformly high standard of design would suggest otherwise.

By the time I returned to New York on Tuesday, capping three weeks of travel that began in Las Vegas, at jewelry market week, I was fairly sure that no other piece of jewelry would ever hold my attention again.

Yesterday, however, during a daylong blitz of various jewelry events around Manhattan, I stood corrected. At the Jewelry Information Center’s annual fine jewelry luncheon at Vermilion, a six-month-old Indian-Latin fusion restaurant in midtown, I was captivated by a $30,000 silver and gold choker necklace by Todd Reed featuring his trademark rough diamond cubes; a $19,000 carved emerald ring by Christian Tse; as well as a $175 teak wood cuff set with black onyx and deep pink quartz, the work of Zapphire by Kanupriya Khurana.

The best part of the event? Editors were asked to place their business cards in a bowl for a series of giveaways that the JIC’s Helena Krodel and Amanda Gizzi (just back from maternity leave, looking marvelous) had organized. I couldn’t believe my good fortune when my name was called. I won an 18-karat white gold Kir Royale ring, set with a 12.56-carat amethyst accented by diamonds and rubies, by Gumuchian (see below). Oddly, this was the second Gumuchian cocktail ring I have won—the first is an 18-karat yellow gold and Tahitian pearl ring that I wear every single day. I’m thrilled to be the New York jeweler’s walking, talking billboard.

Gumuchian R695 AM

Slightly dazed by my good luck, I ventured further uptown, to the Kara Ross showroom on East 60th Street, where I promptly fell in love with a cuff from Ross’s new capsule fine jewelry collection. Known for her chic use of exotic animal skins, Ross wrapped this 18-karat gold and pavé-sprinkled number in purple stingray skin (see below). I’m now officially obsessed with the material.

Kara Ross Purple Stingray Cuff_1 lo-res  

My final appointment of the day brought me to the Upper Eastside showroom of Camilla Dietz Bergeron, the estate dealer. The sight of so many vintage Deco, Retro and Seventies baubles made me feel a bit delirious. So many rings, so little time. I circled the round wooden table at the heart of the showroom like a vulture. From a classic Seaman Schepps rock crystal frog brooch dappled with cabochon emeralds, to scores of whimsical 1940s-esque gold charms (harem slippers dangling teeny tiny akoya pearls, a miniature house complete with a garage and moving car, a lamppost pointing the way to Place Vendôme), the vintage treasures on display were each more charming than the last. I was tempted to laud the “good old days” of jewelry design, such is the temptation to idolize the past at the expense of the present, but then I recalled my day and my week and realized that the good old days are now.

App attack

Posted by Michelle Graff on June 15, 2009

I personally don't own an iPhone and probably never will.
Instead, I have this phone called the "Instinct," which is basically Samsung's version of the iPhone and is a device so similar that it causes some people to actually envy me.
"Is that an iPhone?" they ask when I pull this sleek-looking black sheath of a phone out of my purse.
"No it's an Instinct," I say.
"Oh," they say, immediately losing interest in my generic excuse for a cell phone.
I only got the "Instinct" because it had been so long since I have upgraded my phone that Sprint practically paid me to get with the times.
And you want to know what? I don't do anything more with this phone than I did with my other phone, except pay a bigger monthly bill.
I really don't maximize the phone's potential, mostly because I'm too lazy/disinterested/busy to bother reading the instruction manual and figure out how to really use the thing.
I'll be switching back to a simpler phone (with a smaller bill) soon.
But I digress.
For those happy iPhone owners, there are at least two industry "apps" - that's iPhone speak for applications - out there already, and I'm sure we'll see more on the way.
The first jewelry industry "app" to come to my attention was what I like to call the "Rap app," because it just rhymes so nicely.
(The real name of the app is iDiamonds; you should use this name if you want to find it in the App Store.)  Iphone
Roei Kashi, son of Israeli diamantaire Moti Kashi, developed the iDiamonds app earlier this year, while still at student at Stanford University.
This useful device provides immediate iPhone access to the Rapaport price list, letting you see what the running price is for, as an example, a 1.5-1.99-carat, VVS2, E-color stone.
But take note: you have to have a RapNet username and password to have a "Rap-app" attack.
Read more about the Rap app here on IDEX.
The second industry app is by Stuller, called the "Live Diamond Try-On (brought to you by Red Box Diamonds.)"
While the title is not as snappy as the "Rap app," this is a really savvy application that allows consumers to, essentially, design their own engagement ring and virtually try it on by taking a picture of their hand.
They can e-mail, Tweet and Facebook the ring to get the opinions of friends and family, and can then use the "find a jeweler" function, which maps out the location of the nearest Red Box diamond retailers where they can go to physically purchase their virtually crafted rings.
Amazing, isn't it?
This app will be free and available to about-to-engaged iPhone users everywhere starting in late summer.
Read more about the diamond try-on here.
Then go out and buy your apps. If you need me, I'll be at the Sprint store, in search of a cheaper phone.

Change, jewelers, change

Posted by Teresa Novellino on June 11, 2009

Reflecting back on what I saw and heard at the Vegas shows, one week later, my overriding sense is that jewelers were on the receiving end of a lot more finger wagging than I’ve seen in the past

Nearly every seminar felt like an intervention. Admonished for essentially being the retail equivalents of a 1980s hair band, jewelers were warned that they will be hurtling towards extinction if they can’t learn some new tunes.

Jewelers were told they have messed up their inventory because they lack computerized systems and that their poorly chosen merchandise is draining profits. Furthermore, jewelers were advised that if they are not Facebooking, Tweeting, blogging or, at least, ramping up their Web presence, they can rule out any customers who aren’t wobbling into their stores on canes.

Many of the observations were on target and warranted, but where was the tough love before the fourth-quarter 2008?

One thing that seemed lost, to me, was the notion that being a bit older is not necessarily a bad thing for a business. It should be recognized that jewelers aren’t Apple store hipsters showing off an armful of tattoos as they demonstrate features of the latest iPod—nor should they be. They are selling merchandise meant to last a lifetime, and being able to tout a long history, a well-honed reputation and industry credibility while doing so is not a liability.

Customers—young and old—can appreciate a business with some age spots. Consider how many people flock to the candle-lit Lafitte’s Blacksmith Bar in New Orleans, which claims it is the city’s oldest bar, or how hard it is to get tickets to see the Boston Red Sox at Fenway Park, which opened in 1912. Brooks Brothers, the oldest men’s clothier in the United States, has been around since 1818, and Macy’s opened its doors in 1858. 

The key for longtime retailers may be to pair their old-fashioned vibe with new technology and fresh business practices. Show off the antique showcases and chandeliers inside your store and pay tribute to your great-grandparents who opened the business, but make sure you do so with high-resolution photographs on your up-to-date Web site.

Tell your best customers about your cigar party through the usual phone calls or mailers, but post it on Facebook too. Setting up a page is free. So is a Twitter account, which will help you send out quick same-day reminders. Research has shown that jewelry stores are considered intimidating. Putting your store on one of these social networking sites with fun photos and some snappy text about store happenings can prove otherwise. 

Those using dusty ledgers to track inventory versus a computerized inventory management system that can pinpoint fast-selling merchandise should at least look into the latter. After getting over the initial hump of figuring out how the system works, it could save money and time. 

Even the oldest of retailers must, in the end, reflect today’s consumers. Younger consumers might appreciate your store’s history, but if they can’t find you on Google, you might as well not exist.

If there’s one thing I learned in Vegas, it’s this: Reflecting who your customers are now is a tradition worth starting, and keeping.

2010 'gem visions'

Posted by Catherine Dayrit on June 08, 2009

For the last two years, I’ve sat in on Enlightened--Swarovski Elements’ trends presentation during the Las Vegas jewelry shows to find out what four “megatrends” its forecasters believe will be the most likely to influence fine-jewelry design in the next year.
 
Being a pretty visual person, reading about trends under the categories of “GEMetic” and “D.Fraction” (among last year’s themes) can leave me at a loss, so while running around the Vegas shows, I make it a point to beeline to Swarovski’s booth and check out the designs in person.
 
If you didn’t get a chance to stop by, here’s a quick visual primer and key characteristics for the four jewelry trends for 2010:
 
False Nudity: transparency, airiness and light


JeanMarcGarelSomnathPaulSilvania
Left: “Madame” ring in 18-karat gold with quartz and black spinel from Jean-Marc Garel of Jean-Marc Garel Creation.

Center: Pendant in 18-karat white gold with synthetic spinel aquamarine and golden yellow, white, pink and green cubic zirconia by Somnath Paul of Ba Ali Est.

Right: Earrings in 18-karat gold with pink sapphire and Swarovski Elements "Passion Topaz Infinite Blue" and "Complexion" by Silvania.
 
Oversized Games:  sculptural, theatrical, stylized interpretations of nature

PichetHannahMartinRobertoDemeglio
Left: Design in 925 silver and enamel with cubic zirconia and marcasite from Pichet Chaiprasit of Pochai Jewelry.

Center: Ring with blue-black sapphire in 18-karat gold by Hannah Martin.

Right: "Spheres" necklace in 18-karat gold with ruby by Roberto Demeglio.
 
Pure Chaos: drapery, random imperfections, layering

NancyEdwardsClaudiaHolledgeDivinderLayal
Left: Necklace in 925 silver with amethyst, synthetic ruby and synthetic spinel zircon by Nancy Edwards.

Center: Ring in brass with citrine by Claudia Holledge.

Right: Bracelet in 18-karat gold and enamel with Swarovski Elements' "Chaos" cut in white cubic zirconia, "ZenNeo" cut in synthetic spinel aquamarine and mint cubic zirconia by Divinder Layal of Sangam Chains.
 
Divine Chimeras: mismatched materials, fantasy, escapism


MichaelYangKieselsteinChinKinSang
Left: “Fairyland in Rome” cuff in 18-karat gold with blue sapphire, amethyst, rhodolite and amethyst briolette by Michael Yang of Goldmill Jewelry.

Center: "Garden Goddess 'Divinity of Nature'" in 18-karat green gold and solid cast art bronze with ruby and gemstones in various colors by Barry Kieselstein-Cord of Barry Kieselstein-Cord International.

Right: Nano-ceramic and stainless steel watch with diamonds by Ching Kin Sang of Corning Technologies Ltd.

Take a picture, it'll last longer

Posted by Michelle Graff on June 05, 2009

Let me start off this blog post with my general impressions from the Couture and JCK shows in Las Vegas.

As you might have read elsewhere, the shows were better than expected, although both were being measured against some pretty low expectations, given the state of the worldwide economy.

Still, having an above-average show in this terrible economy is better than meeting, or falling below, already low expectations.

A number of issues came up during the show.

The two that stuck out most in my mind were the power of social networking--the time is now to get on the Facebook, Twitter, etc., bandwagon--and the fact that the industry's memo system is in need of a serious overhaul.

I'll be writing about these topics in future issues of National Jeweler so, for now, I wanted to share with you the outcome of an appointment I previewed in a blog post titled "Are diamonds ready for their close-up?" just before the show.

On Monday (rescheduled from Saturday due to my directionally challenged nature; sorry again Gemory!) I met with the founder and CEO of Newark, Calif.-based Gemory, Erwan Le Roy, and Gemory's head of strategic partnerships, Richard Lucquet.

These are the guys of "Smile, you're on a diamond" fame.

The company's system, called DiamondPure, takes photos that have been uploaded to Gemory.com, shrinks them into microscopic but still-viewable images, and then embeds those images onto a diamond.

The picture is then viewed using GemmaView, a small, telescope-like object developed by Gemory.

As I learned during my visit to the EGL USA booth in Las Vegas on Monday (EGL USA is the lab that grades the photographically-altered diamonds), a video-equipped ring box is included with this special photography package.

It looks like any other "I'm-about-to-open-this-and-propose-hoping-you-won't-reject-me" ring box,
except for the inside of the top lid, where there is a tiny little screen.

Just plug the unsuspecting-looking box into a computer and download 100 megabytes of whatever you like: logos, a video, a picture.

The cost for the photo-embedded diamond (not including the cost of the stone, of course, which has already been bought and paid for by this point), the GemmaView and the box is $2,000, according to the guys from Gemory.

The picture on the diamond idea is, technologically speaking, a very cool concept.

Le Roy and Lucquet said that so far, two stores are offering the Gemory program. And they have big ambitions for their business.They said they plan to add 30 more retail clients by the end of June, and 250–300 more by the end of the year.

As for how many consumers will actually buy into it, I guess we'll have to wait and see.

Buffett: A quarter of all jewelry companies will be gone within year

Posted by Whitney Sielaff on May 31, 2009

Warren Buffet is forecasting that 25 percent of all fine jewelry companies, across the distribution pipeline, will be out of business within 12 months. I received this information on deep background from a very trustworthy source.

NJ Headshot As you're probably aware, Buffett's Berkshire Hathaway has been buying up both supply and retail fine jewelry companies over recent years. And to state the obvious, this is not a man who makes statements like this lightly. He is fully aware of how much impact his opinions can have on a marketplace.

I dislike being the bearer of bad news as much as anyone, but I believe I wouldn't be living up to my responsibility if I didn't bring this to your attention.

Here at Las Vegas trade show market week, there's an eery feeling of disorientation the likes of which I've never experienced since I started coming here in 1991 when the shows were first established. There's both more traffic than I expected, to be honest, and there are exhibitors reporting that they're writing business.

Conversely, there are way too many industry members missing from the mix this year who, until this year, I could not have fathomed a Las Vegas show week without. 
 
The biggest question, as always at a trade show, but far more important this year, is that of inventory. As retailers live off existing stock to help maintain feasible cash flow, ordering from the supply chain has essentially been at a standstill. Many just can't imagine how suppliers are managing to pay their own bills, especially when you consider the difficulty of obtaining financing thrown in.

There was a panel here yesterday on the "evolution of the business." Unfortunately, and not surprisingly, there wasn't a heck of a lot of visionary insight provided. Nobody knows. Except Buffet, I guess. I really hope he's wrong.